Housing Costs: NYC's Sky-High Prices vs. NJ's Value

In Manhattan/Brooklyn today, many 1-bedroom apartments rent for $3,000–$4,500+ per month. In Union/Middlesex Counties you can rent or even purchase an entire single-family home with yard and parking for a comparable monthly budget or less.

In Queens, older houses with limited outdoor space often sell at a minimum of $600K. Meanwhile, recent data shows median sale prices in Union County at ~$600K and Middlesex around $550K — meaning you can get a newer, larger home for the same dollars.

Yes, New Jersey’s nominal property-tax rate may seem higher, but when applied to a lower home value (and with other costs factored), the total tax bill and carrying cost can compare favorably to NYC borough living.

Typical NYC 1-bed units are under ~600 sq ft and often lack outdoor space. In Union/Middlesex you’ll find homes offering 2×-to-3× the interior space, a yard, a garage and modern finishes — for the same or less monthly budget.

Commuting: Staying Connected Without the NYC Price Tag

NJ Transit and PATH

Direct rail service connects major NJ towns to Penn Station and World Trade Center, with frequent departures during peak hours for seamless commuting.

Express Bus Routes

Numerous express bus lines offer comfortable rides to Port Authority and Midtown, many with WiFi for productive travel time.

Car Ownership

Unlike NYC, car ownership is feasible in NJ with easier parking, less congestion, and lower costs for weekend getaways.

Some Commuter Towns For Buyers Under $600K

1
elizabeth skyline

Elizabeth

30-min NJ Transit to Penn Station; diverse neighborhoods, shopping districts, easy highway access to NYC and Jersey Shore

2
kean university in union

Union Township

40-min bus to NYC; family-friendly, top-rated Kean University, diverse community, convenient to major highways and shopping

3
woodbridge

Woodbridge

45-min train to NYC; diverse community, top-rated schools, extensive shopping & dining, major transportation hub

Some Commuter Towns For Buyers Over $600K

1
cranford downtown

Cranford

Family-friendly atmosphere with numerous parks, charming downtown district, strong community involvement, excellent schools, and beautiful residential streets with mature trees.

2
westfield downtown

Westfield

Consistently ranked among NJ's best towns, Westfield features top-rated schools, charming downtown with boutiques and restaurants, strong community spirit, and beautiful tree-lined streets with historic homes.

3
metuchen

Metuchen

Vibrant downtown with unique shops and dining, historic charm with Victorian-era homes, strong sense of community, walkable neighborhoods, and excellent school ratings.

 

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This guide walks you through every step—from getting pre-approved and making offers to inspections, negotiations, title, appraisals, and closing—so you know exactly what to expect and how to move forward with confidence.

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Joel Velis
Joel Velis Agent | License ID: 2326062
Joel Velis

Why should you trust me as your agent?

 

Having personally bought, sold, rented, renovated, and flipped homes, Joel brings real-world experience to every deal. His insights come not just from theory, but from his own wins, losses, and lessons in the real estate market.

 

With a background in Finance and Technology, Joel leverages data, strategy, and creativity to help clients make confident decisions. Whether you’re buying your first home, expanding your investment portfolio, or selling a property, Joel is ready to guide you through it all — from $300K homes to multi-million-dollar estates.

 

When you work with Joel, you’re not just getting a Realtor. You’re gaining a trusted advisor who treats your goals as his own.